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ed |
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loanconsolidation |
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Title: |
Direct Consolidation Loans - Welcome!!!
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Archival URL:
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http://eot.us.archive.org/eot/20080916083247/loanconsolidation.ed.gov/ |
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Live URL: |
http://loanconsolidation.ed.gov/ |
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Coverage: |
September 16, 2008
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May 14, 2009
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Description: |
The Direct Consolidation Loans Web Site-this U.S. Department of Education web site provides information to borrowers, schools,
and loan holders. Borrowers can apply online for consolidation of their federally insured student loan debt. The Higher Education
Act (HEA) provides for a loan consolidation program under both the Federal Family Education Loan (FFEL) Programs and the Direct
Loan Program. Under these programs, a borrower's loans are paid off and a new consolidation loan is created. These programs
simplify loan repayment by combining several types of Federal education loans (that may have different terms and repayment
schedules or may have been made by different lenders) into one new loan.
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